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Asked by: Awatif Do Carmo
hobbies and interests stamps and coinsAre old German marks worth anything?
Although German mark notes and coins are nolongerlegal tender, most of those issued after June 20, 1948 canbeexchanged for the equivalent value in euro atDeutscheBundesbank branches or by post. One euro isworth 1.956marks.
Keeping this in view, how much is a 1923 German mark worth?
Value range: 10 cents – $6.00. Some of thelaterhigher denomination notes were issued for such a short timethatthey are genuinely rare. For example the 100Billionen(German for Trillion) mark note brings closeto$5,000 in uncirculated condition. (At the time this equaledUS$100.)
One may also ask, what is a mark in German money?
The Germans usually called it D-Mark when referringtothe currency, and Mark when talking about individual sums. In1999,the Deutsche Mark was replaced by the Euro; its coinsandbanknotes remained in circulation, defined in termsofeuros, until the introduction of euro notes andcoinson 1 January 2002.
Therefore the Rentenbank in November 1923 issuedtheRentenmark, a currency backed by mortgaged landandindustrial goods worth 3.2 billion Rentenmark.TheRentenmark was pegged to the U.S. Dollar at a rate of1Dollar: 4.20 RM. At the end of the First World War, theDeutschmarkwas valued at 4.63 to the U.S. $.